B. Riley Wealth Advisors Inc. Trims Holdings in Pan American Silver Corp. (NYSE:PAAS)

B. Riley Wealth Advisors Inc. lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 205,434 shares of the basic materials company’s stock after selling 3,800 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.06% of Pan American Silver worth $4,309,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PAAS. Eastern Bank purchased a new stake in Pan American Silver in the third quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the 3rd quarter worth about $32,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC increased its position in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the period. Finally, US Bancorp DE raised its stake in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after buying an additional 660 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAAS has been the topic of several research reports. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Down 2.1 %

PAAS stock opened at $22.21 on Friday. The business has a 50 day moving average of $22.77 and a 200 day moving average of $21.58. The firm has a market cap of $8.06 billion, a PE ratio of -130.64 and a beta of 1.28. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Monday, November 18th. Pan American Silver’s payout ratio is -235.28%.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.